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A&W BRANDS, INC. COMMENTS ON THIRD QUARTER EARNINGS EXPECTATIONS

A&W BRANDS, INC. COMMENTS ON THIRD QUARTER EARNINGS EXPECTATIONS
 WHITE PLAINS, N.Y., Sept. 9 /PRNewswire/ -- A&W Brands, Inc. (NASDAQ: SODA) today announced that, based on sales information now available to the company for July and August, the company's net earnings for the third quarter will probably be lower than analysts' estimates, most likely resulting in third quarter net earnings of approximately $.38 per share. The lower-than-estimated earnings results from the unseasonably cool and rainy weather in the company's core selling markets during July and August, traditionally the heaviest volume months for A&W. A&W's current expectations are that sales and net earnings for the third quarter will be at similar levels to the comparable period in 1991.
 In addition, earnings will also show the impact of initial marketing expenses for the company's newly introduced products, Everlast (a sports drink) and Tetley (a ready-to-drink tea). M.L. Lowenkron, chairman and chief executive officer of A&W, had previously agreed with earlier consensus estimates of earnings in the range of $.40 per share.
 The company believes the third-quarter condition is temporary and expects earnings in the fourth quarter to show growth over the prior year's results. Therefore, given the adjusted outlook for the third quarter, the company's net earnings for the full year 1992 are expected to be slightly lower than analysts' estimates of approximately $1.75 per share.
 A&W Brands, Inc. based in White Plains, N.Y., is a leading marketer of soft drinks in niche flavor segments.
 -0- 9/9/92
 /CONTACT: Ernest J. Cavallo of A&W Brands, Inc., 914-397-1700/
 (SODA) CO: A&W Brands, Inc. ST: New York IN: FOD SU: ERP


SM -- NY009 -- 7352 09/09/92 08:49 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
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